The largest three individual stock positions are
Intel Corporation, Dolby Laboratories, & BMC Stock Holdings, and they add
up to ~23% of the portfolio.

Michael Price’s 13F portfolio value increased ~5% from $805M
to $843M this quarter. The portfolio is diversified with recent 13F reports
showing well over 100 individual stock positions. The top five stakes are Intel
Corporation (INTC), Dolby Laboratories (DLB), BMC Stock Holdings (BMCH),
Trinity Place Holdings (TPHS), and CIT Group (CIT) and they add up to ~30% of
the 13F portfolio.

Below is a spreadsheet that shows the changes to Michael
Price's MFP Investors 13F portfolio holdings as of Q1 2018. For a look at how the
portfolio has progressed, see our previous update: